Profile picture @mcm_ct
, 3 tweets, 2 min read Read on Twitter
No matter how you read this, this is pathological & completely delusional assessment and projection of what happened to the economy - this is JUST about what happened to the @federalreserve balancesheet and to credit creation - what was key is what DID NOT HAPPEN IN THE ECONOMY!
More importantly, @federalreserve is no longer in control of out of control minions BOJ, ECB and PBoC. Anything they do now imo while very short-term may cause a reaction - will imo generate the opposite response after initial speculators try to play the credit creation fad again
Suspect that markets will sour on a lack of @federalreserve pumping & sour even more on an actual @federalreserve pumping & worse if combined with rate abatement - this is 2001 & 2008 where the more the fed accommodate the more markets will believe worst is yet to come imo
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